Carver Bancorp, Inc. (NASDAQ:CARV) Short Interest Down 14.6% in March

Carver Bancorp, Inc. (NASDAQ:CARV) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 7,600 shares, a drop of 14.6% from the March 15th total of 8,900 shares. Based on an average daily volume of 10,300 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Carver Bancorp stock. Cantor Fitzgerald L. P. acquired a new stake in shares of Carver Bancorp, Inc. (NASDAQ:CARV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,657 shares of the savings and loans company’s stock, valued at approximately $64,000. Cantor Fitzgerald L. P. owned 0.68% of Carver Bancorp at the end of the most recent quarter. Institutional investors own 18.20% of the company’s stock.

Carver Bancorp Price Performance

CARV stock opened at $1.32 on Wednesday. The firm has a market cap of $6.75 million, a price-to-earnings ratio of -0.69 and a beta of 1.11. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.63. The company’s fifty day simple moving average is $1.49 and its 200 day simple moving average is $1.67. Carver Bancorp has a 12-month low of $1.30 and a 12-month high of $2.39.

Carver Bancorp (NASDAQ:CARV) last issued its quarterly earnings results on Thursday, February 13th. The savings and loans company reported ($1.09) earnings per share (EPS) for the quarter. Carver Bancorp had a negative net margin of 24.99% and a negative return on equity of 59.15%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Carver Bancorp in a research note on Friday, April 18th. They issued a “sell” rating on the stock.

About Carver Bancorp

Carver Bancorp, Inc operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts.